Colombia
Colombia has become a flagship destination for digital nomads, especially thanks to Medellín, nicknamed the City of Eternal Spring. The 2-year digital nomad visa is one of the most accessible in Latin America. While Colombian taxation is not the most favourable, the extremely low cost of living and pleasant lifestyle compensate. The expat community is very active, with strong English-speaking presence in El Poblado.
Taxation
Income tax brackets
| Bracket | Rate |
|---|---|
| 0 € → 1 090 € | 0 % |
| 1 090 € → 1 700 € | 19 % |
| 1 700 € → 4 100 € | 28 % |
| 4 100 € → 8 670 € | 33 % |
| 8 670 € → 18 970 € | 35 % |
| 18 970 € → 31 000 € | 37 % |
| 31 000 € → unlimited | 39 % |
Corporate tax
35 %
Capital gains
15 %
VAT
0 %
Visa options
Visa Digital Nomad (V-Nómada Digital)
digital-nomadDuration: 2 ans
Cost: 52 USD (~48 EUR)
Requirements: Revenu mensuel minimum de 3 salaires minimums colombiens (~3 500 000 COP, soit ~800 EUR). Contrat de travail à distance ou activité freelance avec clients hors Colombie.
Visa M - Entrepreneur
entrepreneurDuration: 3 ans renouvelable
Cost: 52 USD (~48 EUR)
Requirements: Création d'une société colombienne avec un capital d'au moins 100 salaires minimums (~100 000 000 COP, ~23 000 EUR).
Visa M - Investisseur
investorDuration: 3 ans renouvelable, résidence permanente apres 5 ans
Cost: 52 USD (~48 EUR)
Requirements: Investissement immobilier ou d'entreprise d'au moins 350 salaires minimums (~350 000 000 COP, ~80 000 EUR).
Living in Colombie
Popular locations among expatriates
Cost of living
Comparison with the French average (vertical line)
Single person
Couple
City center rent
Outside city center rent
Colombia offers an extremely low cost of living. A single person can live very comfortably in Medellín or Bogotá on £500/month excluding rent. Rents are among the most affordable in Latin America. Food, transport, and leisure cost a fraction of European prices.
Settling in Colombie
Practical indicators to prepare your relocation
Safety & stability
Procedures
Start a business
The Colombian digital nomad visa is one of the most accessible in Latin America (only £700/month income required). Medellín is the flagship destination thanks to its permanent spring climate and very active digital nomad scene (El Poblado neighbourhood). Spanish is essential for daily life, though English is increasingly spoken in expat hubs. Safety has improved considerably but some neighbourhoods should still be avoided.
The Colombian health system (EPS) is considered one of the best in Latin America. Private clinics in Medellín and Bogotá are of very good quality and far cheaper than in Europe. Colombia is a recognised medical tourism destination. Local private insurance costs £25-50/month and grants access to excellent facilities.
Quality of life
Medellín offers a permanent spring climate (22-28°C year-round) and a dynamic cultural scene. Bogotá is a cosmopolitan capital with rich cultural offerings. Colombia features varied landscapes: Caribbean Sea, Andean mountains, Amazon forest. Safety has improved considerably, although some areas should still be avoided.
Pros and cons
Advantages
- Extremely low cost of living with good quality of life
- Very accessible 2-year digital nomad visa
- Pleasant year-round climate (Medellín)
- Very active digital nomad community
Disadvantages
- Heavy taxation for residents (up to 39% + wealth tax)
- CIT among highest in Latin America (35%)
- Variable safety by neighbourhood and region
- Time difference of -6h with the UK
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Verified on January 15, 2025All data on this page comes from public and institutional sources.
FAQ
What is the tax rate in Colombia?
The top marginal income tax rate in Colombia is 39%. The corporate tax rate is 35%.
What is the cost of living in Colombia?
The monthly cost of living for a single person in Colombia is approximately 600 EUR (excluding rent). City center rent costs around 400 EUR per month.
Is there a tax treaty between the United Kingdom and Colombia?
Check HMRC for the current status of the tax treaty between the United Kingdom and Colombia.
These results are estimates.
The data presented are estimates and do not constitute tax advice. Consult a professional for your personal situation.